Crisis
From the beginning, the United States have been using Ukraine as its proxy to fight Russia. Unlike its previous war against Iraq, Libya, Syria and Afghanistan, the U.S. dares not go to war with Russia this time. Biden administration could only provide weapons, leaving the Ukrainians fight the war themselves. Sending Americans to Ukraine to […]
... written on Jun 15 2022By now, it’s crystal clear that the Federal Reserve isn’t always right. The Fed, the most powerful economic institution in the United States or even the world, has two jobs – keep inflation under control and maximize employment. To do that, its core responsibilities include setting interest rates, managing the money supply, and regulating financial […]
... written on Jun 13 2022In retaliation against Sultan Sharafuddin Idris Shah of Selangor over the issue of Bon Odori, both the PAS Ulama Council and its women’s wing issued statements on Thursday (June 9) to urge Muslims not to participate in the Japanese festival. The order from the PAS Islamist political party “clashes” with a royal decree from the Selangor Palace […]
... written on Jun 11 2022George Soros, arguably the most outspoken liberal billionaire financier, went berserk at the world’s financial elite gathering in Davos, Switzerland. Speaking at the World Economic Forum this week, the man who broke the Bank of England in 1992 has raised concerns over not only economic meltdown, but also has warned the possibility of an end […]
... written on May 28 2022Have you noticed the size of fried chicken at Kentucky Fried Chicken is smaller than usual? That’s because the chicken shortage has forced the poor birds to be slaughtered earlier in order to meet the local demand. Yes, Malaysia is currently facing the food crisis, and chicken is the latest candidate of food shortage that […]
... written on May 25 2022Dow Jones dropped 1,164.52 points on Wednesday (May 18) – the biggest drop since June 2020. In fact, at 31,490.07, the DJIA saw the lowest close since March 2021. Likewise, the S&P 500 plunged to its lowest drop since June 2020. The fact that this is the fifth Dow decline of more than 800 points […]
... written on May 19 2022America is facing crises. The land of freedom just saw a “racially motivated” mass shooting at Buffalo supermarket, where a white man went on a shooting spree against the black people. The American Dream also saw how more than US$7 trillion in market value of the blue chip stocks in the S&P 500 has been wiped out […]
... written on May 16 2022Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world’s third most traded vegetable oil after palm and soybean oil, also hit the roof. Worse, Ukraine and Russia accounts for […]
... written on May 14 2022Federal Reserve Chairman Jerome Powell, speaking during a news conference on May 4 to raise interest rate by 50 basis points, has signalled that the Fed could continue to approve increases of half a percentage point. Investors, however, spooked by earlier speculations that the rate could be up to 75 basis points, did not pay […]
... written on May 10 2022China has a huge problem – US$3.2 trillion foreign exchange reserve – the world’s largest reserves. In comparison, Japan, the country with the second largest foreign reserves, has only US$1.4 trillion (as of Feb 2022). China’s foreign assets included more than US$1 trillion in U.S. bonds and huge amounts of real estate, especially hotels and […]
... written on May 06 2022
